LOWELL, Mass.--(BUSINESS WIRE)--
MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) (MACOM), a leading supplier of high-performance analog RF, microwave, millimeterwave and photonic semiconductor products, today announced that the United States District Court for the Central District of California in Los Angeles has granted MACOM’s request for a preliminary injunction in MACOM’s lawsuit against Infineon Technologies Americas Corp. (“Infineon”) over Gallium Nitride on Silicon (GaN-on-Si) technology rights.
The Court’s October 31, 2016 decision (i) confirmed MACOM’s continuing exclusive rights in certain GaN-on-Si RF fields under a 2010 License Agreement entered into between Nitronex (acquired by MACOM in 2014) and International Rectifier (acquired by Infineon in 2015); (ii) ruled that MACOM is likely to succeed on its claim that Infineon’s purported termination of that Agreement was improper and without effect; and (iii) granted MACOM’s motion for a preliminary injunction prohibiting Infineon from engaging in activities inconsistent with the 2010 License Agreement pending the Court’s final decision in the case.
“We were forced to file this lawsuit to stand up to Infineon’s bullying and anticompetitive behavior. We are gratified by the Court’s preliminary decision confirming that the GaN-on-Si rights granted to us under the 2010 License Agreement remain in full force and effect and that Infineon acted improperly in trying to operate in our exclusive field of use,” said John Croteau, President and Chief Executive Officer of MACOM. “We are firmly committed to vigorously litigating this case to its rightful conclusion. We continue on the path to providing GaN-on-Si technology that promises to improve network data service and cell coverage of 4G/LTE and 5G basestations that will benefit people worldwide.”
About MACOM:
MACOM enables a better-connected and safer world by delivering breakthrough semiconductor technologies for optical, wireless and satellite networks that satisfy society’s insatiable demand for information.
Today, MACOM powers the infrastructure that millions of lives and livelihoods depend on every minute to communicate, transact business, travel, stay informed and be entertained. Our technology increases the speed and coverage of the mobile Internet and enables fiber optic networks to carry previously unimaginable volumes of traffic to businesses, homes and datacenters.
Keeping us all safe, MACOM technology enables next-generation radars for air traffic control and weather forecasting, as well as mission success on the modern networked battlefield.
MACOM is the partner of choice to the world’s leading communications infrastructure, aerospace and defense companies, helping solve their most complex challenges in areas including network capacity, signal coverage, energy efficiency and field reliability, through its best-in-class team and broad portfolio of analog RF, microwave, millimeterwave and photonic semiconductor products.
MACOM is a pillar of the semiconductor industry, thriving for more than 60 years of daring to change the world for the better, through bold technological strokes that deliver true competitive advantage to customers and superior value to investors.
Headquartered in Lowell, Massachusetts, MACOM is certified to the ISO9001 international quality standard and ISO14001 environmental management standard. MACOM has design centers and sales offices throughout North America, Europe, Asia and Australia.
MACOM, M/A-COM, M/A-COM Technology Solutions, M/A-COM Tech, Partners in RF & Microwave, and related logos are trademarks of MACOM. All other trademarks are the property of their respective owners.
For more information about MACOM, please visit www.macom.com follow @MACOMtweets on Twitter, join MACOM on LinkedIn, or visit the MACOM YouTube Channel.
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements based on MACOM management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include, among others, information concerning MACOM’s future provision of GaN to the market and the potential impact thereof, as well as any statements concerning the relief sought by MACOM and the outcome of the legal action.
Forward-looking statements contained in this press release reflect MACOM's current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause those events or our actual activities or results to differ materially from those expressed in any forward-looking statement. Although MACOM believes that the expectations reflected in the forward-looking statements are reasonable, it cannot and does not guarantee future events, results, outcomes, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements, including those factors described in "Risk Factors" in MACOM's filings with the Securities and Exchange Commission (SEC), including its Quarterly Report on Form 10-Q for the fiscal quarter ended July 1, 2016 as filed with the SEC on July 27, 2016 and its Annual Report on Form 10-K for the fiscal year ended October 2, 2015 as filed with the SEC on November 24, 2015. MACOM undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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